10 financial planning tips for divorce
By Will Grahame-Clarke, 5 Jan 18
Building up your savings and reviewing your will are among the steps Hargreaves Lansdown has recommended for individuals considering divorce.
Freeze accounts: You’ll need to make decisions on joint financial arrangements for the short term.
Banks can freeze the assets in joint accounts, or make arrangements so that you both have to agree to any money being withdrawn. Similarly they can place controls on debts to prevent either of you from abusing joint arrangements.
If you are being paid directly into a joint account, arrange for the money to be paid elsewhere, and if there are bills, rent or the mortgage coming out of it, you’ll need to arrange an alternative way of paying these.
Tags: Divorce
